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Trend_Trader_JSE

Carvana breakout

Carvana Co. (BATS:CVNA)  
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BATS:CVNA   Carvana Co.
Trend Analysis Chart Patterns Technical Indicators carvana CVNA trendtraderjse
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trendanalysis chartpattern indicator carvana cvna trendtraderjse
With hindsight, it wasn't wise to buy CVNA as it gapped up (blue arrow). Luckily, the stock has consolidated without breaking down. Yesterday, following the FOMC decision, it broke above the consolidation range. Expect an upside move on CVNA but there might be a resistance near $56.
Komen:
The stock moved swiftly to $56 and went past this level. Happy to continue to hold and inch the stop level as it moves up.
Penafian

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